Financial technology firm Ramp has completed a $1.85 billion funding round, setting its post-money valuation at $60 billion. The transaction was led by Dragoneer Investment Group, with significant backing from major venture firms including Thrive Capital and Founders Fund. This massive injection of growth capital reflects deep institutional appetite for automated enterprise finance systems capable of replacing manual back-office tasks.
Alongside the new financing, the company published substantial operational metrics confirming its rapid trajectory. Ramp officially crossed the milestone of $2 billion in annualized revenue, driven by strong adoption across medium and large enterprises. The company also confirmed that it is operating with a positive free cash flow. Currently, more than 85,000 corporate clients rely on the platform to handle their corporate cards and operational spending.
On the technology front, Ramp announced a transition from analytical tooling toward operational autonomy with its Laminar platform. Following extensive technical evaluations of external agent programming interfaces, Ramp engineered an in-house Agent Harness layer. This infrastructure layer acts as a structured foundation for deploying autonomous software workers across financial data pipelines.
Under the hood, the Laminar architecture automates several core accounting workflows that traditionally required manual reconciliation. The system handles automated month-end financial closes and screens incoming supplier invoices against existing contracts. In response to rising corporate spending on machine learning workloads, Laminar also incorporates specialized budget monitoring for enterprise API token consumption.
To support these autonomous financial workflows, Ramp is simultaneously making a strategic regulatory play. The company is actively pursuing a National Trust Bank charter with the Office of the Comptroller of the Currency, commonly known as the OCC. Securing this national fiduciary status would enable Ramp to hold and manage corporate client deposits directly in trust, bypassing legacy banking intermediaries.
This regulatory move connects directly to the company's rollout of programmatic spending credentials. Ramp plans to pair its banking infrastructure with autonomous Ramp Agent Cards issued across the Visa payment network. These dedicated cards give software agents the authority to execute authorized transactions within hard enterprise spending parameters. Through this integrated approach, Ramp is establishing an end-to-end framework where autonomous code can manage and settle real-world corporate expenditures.